Five major SOEs to be restructured

The Prime Minister has approved the restructuring plans for five of the six major State-owned enterprises (SOEs), and two large corporations under his jurisdiction, in the first half this year.

The PM has approved the restructuring plans of five major SOEs, including VNPT.

According to the Steering Committee for Enterprise Innovation and Development, the aforementioned economic entities are Electricity of Vietnam (EVN), Vietnam National Coal - Mineral Industries Corporation, Vietnam National Chemical Group, Viettel Military Industry and Telecoms Group and Vietnam Posts and Telecommunications Group (VNPT), as well as the State Capital Investment Corporation and the Vietnam Northern Food Corporation.

The Prime Minister also approved the list of enterprises to be restructured during 2017-2020 under the Vietnam Oil and Gas Group (PVN). The Ministry of Industry and Trade is completing the PVN's comprehensive restructuring plan to be submitted to the PM for approval.

For SOEs under the management of ministries, agencies and localities, there is updated data from only three ministries, four localities and one economic group so far.

In particular, the Ministry of Transport approved the restructuring plan for its three corporations, the Ministry of Information and Communications’ two enterprises and that of the Ministry of Finance. Meanwhile, EVN has approved the restructuring plan of its nine corporations.